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News Breaks
17:57 EDTGNW
theflyonthewall.com: Genworth to recover $85M in tax refunds
Genworth Financial disclosed that, based on recently enacted legislation, it expects to recover approximately $85M in Federal income tax refunds, considering results through Q3. The exact amount of the recovery will be determined by results for the remainder of this year, with any statutory tax benefit being recorded in Q4. This legislation expands the carryback period for certain net operating losses to five years from two years. On a statutory basis, a significant portion of this recovery will benefit the U.S. Mortgage Insurance business, and is expected to increase the regulatory Risk To Capital ratio by 0.5 to 1.0 points by year end. :theflyonthewall.com



News For GNW From The Last 14 Days
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January 29, 2010
11:39 EDTGNW
theflyonthewall.com: Genworth upgraded to Buy from Neutral at BofA/Merrill
:theflyonthewall.com

January 28, 2010
16:23 EDTGNW
theflyonthewall.com: Genworth reports Q4 adjusted EPS 19c vs. consensus of 10c
Reports Q4 revenue $2.46B vs. consensus of $2.53B. :theflyonthewall.com
15:24 EDTGNW
theflyonthewall.com: Companies reporting After the Market Close on Thursday, January 28

Subscribe for More Information :theflyonthewall.com

January 26, 2010
12:36 EDTGNW
theflyonthewall.com: Genworth Financial calls active on low volatility into EPS
Genworth Financial is recently up 76c to $13.64. GNW is expected to report Q4 EPS on January 29. February 14 calls have traded 138 times on transaction volume of 9,021 contracts, verses its open interest of 17,915 contracts. February call option implied volatility is at 52; March is at 53; below its 26-week average of 72, according to Track Data, suggesting decreasing price movement. :theflyonthewall.com